Stocks to watch: OCBC, CLI, FHT, Elite Commercial Reit, ARA H-Trust, OUE C-Reit

THE following companies saw new developments that may affect trading of their securities on Friday (Nov 4):

OCBC : The bank on Friday posted a 31 per cent net profit rise to S$1.6 billion for the third quarter ended Sep 30, compared with S$1.22 billion last year. This was due to a growth in average net asset balance and net interest margin expansion, which contributed to a quarterly net interest income gain of 44 per cent to S$2.1 billion. It was the first time the S$2 billion mark was crossed. OCBC shares were down 0.9 per cent or S$0.11 to S$11.95 on Thursday.

CapitaLand Investment (CLI): The property player’s lodging management business on Friday reported a 43 per cent increase in revenue per available unit for the third quarter ended Sep 30, to S$110 from S$77 a year ago. It also booked a 16 per cent growth in fund management fee-related earnings to S$339 million year to date, from S$292 million in the corresponding period last year. Shares of CLI closed down 1.3 per cent, or S$0.04, at S$3.04 on Thursday.